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Stellantis teams up with Pony.ai to develop robotaxis in Europe 

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Automaker Stellantis and Chinese autonomous vehicle company Pony.ai have signed a non-binding agreement to build robotaxis for deployment in Europe.   The collaboration will integrate Pony’s self-driving software into Stellantis’s electric medium-size van platform, which is built with advanced sensors to support autonomous vehicles. The companies plan to first deploy test vehicles based on the […]

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Ousted Luminar CEO Austin Russell wants to buy the company

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Austin Russell, the billionaire founder of Luminar, has made a bid to acquire the lidar-maker five months after he was replaced as CEO following an ethics inquiry. The takeover effort was disclosed in an SEC filing by Russell early Friday morning. It would involve his new company, Russell AI Labs, purchasing 100% of the outstanding

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Defunct electric aircraft startup Lilium’s tech lives on over at Archer

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Electric aircraft startup Lilium may have ceased operations a year ago, but its insolvency filing wasn’t quite the end of the German-based company. There were multiple failed attempts to restructure the company, including a last-ditch effort by Mobile Uplift Corporation, a company set up by investors from Europe and North America, to acquire the operating

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Electric aircraft startup Beta Technologies seeks to raise $825M in IPO

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Electric aviation startup Beta Technologies has priced shares for its initial public offering between $27 and $33, in hopes of raising as much as $825 million, according to a regulatory document filed with the U.S. Securities and Exchange Commission. If the company attracts investors at the top of that range it will debut with a

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Self-driving car companies Pony.ai and WeRide get the OK for Hong Kong listing

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Pony.AI and WeRide have received a key approval from Chinese securities regulators that clears the way for the for the autonomous vehicle technology companies to pursue secondary listings on the Stock Exchange of Hong Kong. The Chinese companies, both of which are based in Guangzhou, are already publicly traded in the U.S. on the Nasdaq

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Waymo plans to launch a robotaxi service in London in 2026

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Waymo said on Wednesday it will offer a commercial robotaxi service in London in 2026, marking the Alphabet-owned company’s second international expansion following Tokyo. The announcement follows weeks of speculation fueled by a couple of London-based job postings. Waymo already has ties to the U.K: In 2019, the company acquired Latent Logic, a U.K. startup

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India’s Airbound bags $8.65M to build rocket-like drones for one-cent deliveries

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Airbound, an Indian drone startup, has raised $8.65 million in seed funding led by Physical Intelligence co-founder Lachy Groom, as it begins a drone-delivery pilot with a private hospital and works toward one-cent delivery using its ultra-light, blended-wing-body aircraft. The seed round includes participation from Humba Ventures and Airbound’s existing investor Lightspeed Venture Partners, as

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